Board member views on strategy and risk oversight have shifted to a longer-term orientation with emphasis on evaluating macro-trends as part of their strategic review, according to PwC’s recent Annual Corporate Directors Survey. However, Board members are being pressured to balance longer-term strategic planning and investment with the need to meet short-term investor expectations.

Additional key findings from the recent survey includes:

  • Directors are becoming more involved in crisis management oversight and are taking measures to deter fraud.
  • 58 percent of directors’ time horizon for review of a company’s strategy is greater than five years.
  • 76 percent of directors look at long-term, economic, geopolitical and environmental macro-trends when evaluating strategy.
  • 93 percent of directors at least “somewhat” agree that their company’s hiring, retention and incentive programs support a robust talent pipeline.
  • Directors continue to take actions to reduce fraud risk, and 68 percent of directors say their Boards had such discussions about “tone at the top.”

Read the full report here.

Related Post